Reduction of Capital

RNS Number : 5612V

Helios Towers PLC

03 December 2019

 

Helios Towers plc

(the "Company")

Reduction of Capital

3 December 2019

As contemplated in its prospectus published on 15 October 2019, the Company confirms that the reduction of the nominal value of each ordinary share in the capital of the Company from £1.00 to £0.01 and the cancellation of the share premium account of the Company (together, the "Reduction of Capital") has become effective. Following the Reduction of Capital, the number of issued ordinary shares and the rights attaching to those shares remain unchanged.

The total number of issued ordinary shares of £0.01 each in the Company is 1,000,000,000.  The Reduction of Capital has no effect on the net asset position of the Company.

Enquiries:

Investor relations

Manjit Dhillon

Helios Towers plc

[e-mail]

Media relations

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

[phone]

About Helios Towers plc

Helios Towers is a leading independent telecommunications tower infrastructure company in Africa, having established one of the continent's most extensive tower portfolios with close to 7,000 towers across five countries. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

HT owns and operates more sites than any other operator in each of Tanzania, Democratic Republic of Congo ("DRC"), and Congo Brazzaville. It is also a leading operator in Ghana with a strong urban presence and established a presence in South Africa in 2019.

HT pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

 

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